Conversation

Notices

1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Wednesday, 10-Aug-2022 18:13:52 EDT lnxw48a1
   #Musk offloads $7 billion in #Tesla stock, supporting belief that #Twitter will succeed in forcing him to complete purchase deal. https://www.marketwatch.com/story/elon-musk-offloads-nearly-7-billion-in-tesla-stock-11660098780 [www marketwatch com]
   
   > “This is really Musk reading the room that with a weak case going into Delaware, the chances that he's going to have to acquire Twitter are increasingly getting higher,” Dan Ives, a managing director at Wedbush Securities, attested to The Daily Beast.
   
   https://nu.federati.net/url/287320?ref=home [www thedailybeast com]
   
   ${NASDAQ(TSLA)}
   
   This is another sign that Elon Musk is not suited to run any publicly traded companies. Investors could try to sue over his implied promise not to sell more stock if the price tumbled as a result of this sale.
   1. lnxw48a1 (lnxw48a1@nu.federati.net)'s status on Wednesday, 10-Aug-2022 19:14:17 EDT lnxw48a1

      in reply to
      I suspect he'll pay billions (but far less than $44 billion) to be allowed to walk away. If it exceeds $7-10 billion, Twitter will go an acquisitions spree or be bought by another large company for its cash hoard.